Friday, December 18, 2009

Confessions of a Money Manager: The road to alternative energy is paved with ...

"The tech angle is called hydraulic fracturing, or "fracking," to rig operators. Fracking involves injecting water, sand, and a chemical mixture into rock formations at high pressure. This literally cracks up the formation and allows more seams to release gas from existing reservoirs. With Exxon-Mobil's superior infrastructure and balance sheet, industry watchers think it can expand the production of natural gas."

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